The Propolis Market is expected to rise at annual rate of 5.81% in the forecast period of 2020 to 2027 due to the increase in demand for the product from end user industries globally.
On the other hand, rise in cases of allergy caused due to the consumption of propolis is expected to obstruct the propolis market growth in the above mentioned forecast period. Lack of standardization across different brands is projected to challenge the propolis market.
Propolis Market Scenario
According to Data Bridge Market Research, the market for the propolis is escalating due to the rise in demand owning to its antibacterial, antiviral and anti-inflammatory among other properties and rise in preferences towards natural products. Additionally, growing applications from various industries such as food & beverages, personal care, pharmaceuticals and others and new source of income for beekeepers positively affect the propolis market. Furthermore, new products launch and product varieties extend profitable opportunities to the propolis market players.
Now the question is which are the other regions that propolis market is targeting? Data Bridge Market Research has estimated North America is expected to dominate because of the rise in preferences towards natural pharmaceuticals and personal care product. Asia-Pacific is expected to witness high growth during the forecast period of 2020-2027 because of the shift in base of honey bee keeper from unorganized to organize in the region.
For more analysis on the propolis market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-propolis-market
Propolis Market Scope
The propolis market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country-based analysis propolis market is further analyzed based on maximum granularity into further segmentation. The propolis market on the basis of product type has been segmented into capsules & tablets, spray, extract and others. Based on category, the propolis market is segmented into alcohol-based and alcohol-free. Based on the distribution channel, the propolis market is segmented into store-based and non-store-based. The propolis market is also segmented on the basis of application. The application is segmented into food and beverages, healthcare, personal care and cosmetics other. Based on type, the propolis market is segmented into supercritical extraction CO2 (SFE), ethanol extracted propolis (EEP), glycol extracted propolis (GEP) and other.
To know more about the study, please check the below mentioned link https://www.databridgemarketresearch.com/reports/global-propolis-market
Key Pointers Covered in the Propolis Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market by Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the report
- Hi-Tech Natural Product India Ltd.
- Laprell's Beehive Products
- Comvita Limited
- SUNYATA PON LEE
- Wax Green
- Bee Health Limited
- Apiário Polenectar
- Manuka Health New Zealand
- Uniflora
- Evergreen Healthfoods Ltd
- Bee Health Limited
Above are the key players covered in the report, to know about more and exhaustive list of propolis companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-propolis-market
Research Methodology: Global Propolis Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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